Velocity Risk Underwriters, LLC, has expanded its home insurance products to include coastal homeowners policies in New Jersey. According to Jose de Diego, director of Independent Agencies, New Jersey is the sixth state Velocity Risk offers homeowners insurance to coastal …
Miami Specialty Risk has launched a new cyber and technology E&O facility available in all 50 states. Backed by Lloyd’s of London, the Miami Specialty Risk facility is comprised of three products: SME Cyber and Tech E&O; FranchisoRap – Franchisee …
Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region. Starting Jan. 1, 2020, PCS will report insured losses from catastrophe events in …
Run-off specialist RiverStone Group, the London-based subsidiary of Fairfax Financial Holdings, announced the acquisition of two Cayman-based captives: GMPCI Insurance Co. Ltd. (GMPCI) and Seaside Indemnity Alliance Company Ltd. Seaside was formed in 2013 for the purpose of assuming hospital …
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday. Facebook CEO Mark Zuckerberg has faced questioning …
A single cyber attack that affects major ports across Asia-Pacific could cost $110 billion, which is roughly equivalent to half of all losses from natural catastrophes globally in 2018*, according to research from Lloyd’s of London. These losses could occur …
Two Georgia suspects have been arrested and charged for allegedly defrauding Lemonade Insurance Company. Special Agents in the Criminal Investigations Division at the Georgia Department of Insurance assisted with the arrest of Zulieka Hosch, 37, of Lawrenceville, Ga., on October …
Four members of one family were injured Sunday when a small plane crashed on takeoff from an airport in upstate New York. According to the Genesee County Sheriff’s Office, the single-engine Beechcraft came down just after 3 p.m. as it …
Specialist insurer Beazley has appointed Hannah Smith as a miscellaneous medical underwriter within its U.S. healthcare team. Based in Atlanta, Ga., Smith will underwrite a range of miscellaneous medical professional liability (MPL) risks, from blood and tissue banks through to …
PMC Insurance Group has promoted Nina Vellucci to vice president in the South Region. In her new role, she will continue to be responsible for leading and developing the region and supporting long-term business objectives to the area. Vellucci has …
